Assetmark Inc. Boosts Stake in Expedia Group, Inc. (NASDAQ:EXPE)

Assetmark Inc. lifted its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 51.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,608 shares of the online travel company’s stock after purchasing an additional 6,298 shares during the quarter. Assetmark Inc.’s holdings in Expedia Group were worth $2,754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Innealta Capital LLC acquired a new position in Expedia Group in the second quarter valued at about $27,000. Blue Trust Inc. boosted its position in shares of Expedia Group by 93.8% during the 2nd quarter. Blue Trust Inc. now owns 217 shares of the online travel company’s stock worth $30,000 after purchasing an additional 105 shares during the period. Crewe Advisors LLC acquired a new stake in Expedia Group in the 1st quarter valued at approximately $40,000. LRI Investments LLC purchased a new stake in Expedia Group in the first quarter valued at approximately $48,000. Finally, Cedar Wealth Management LLC purchased a new stake in Expedia Group in the first quarter valued at approximately $49,000. 90.76% of the stock is owned by institutional investors and hedge funds.

Expedia Group Stock Down 0.9 %

Expedia Group stock opened at $180.33 on Thursday. The stock has a 50-day simple moving average of $151.62 and a 200-day simple moving average of $134.10. The company has a market capitalization of $23.48 billion, a P/E ratio of 23.27, a PEG ratio of 0.70 and a beta of 1.78. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.76 and a current ratio of 0.73. Expedia Group, Inc. has a fifty-two week low of $107.25 and a fifty-two week high of $190.40.

Insider Buying and Selling at Expedia Group

In other Expedia Group news, insider Robert J. Dzielak sold 5,417 shares of Expedia Group stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total value of $729,128.20. Following the transaction, the insider now directly owns 84,543 shares in the company, valued at approximately $11,379,487.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Dara Khosrowshahi sold 10,000 shares of Expedia Group stock in a transaction on Friday, October 4th. The shares were sold at an average price of $150.18, for a total value of $1,501,800.00. Following the transaction, the director now directly owns 198,505 shares in the company, valued at $29,811,480.90. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Robert J. Dzielak sold 5,417 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $134.60, for a total transaction of $729,128.20. Following the completion of the transaction, the insider now directly owns 84,543 shares in the company, valued at $11,379,487.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,417 shares of company stock worth $5,301,728. 6.80% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EXPE. Oppenheimer lifted their price objective on Expedia Group from $155.00 to $210.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Citigroup boosted their price target on shares of Expedia Group from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Bank of America increased their price target on shares of Expedia Group from $144.00 to $166.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $140.00 price objective on shares of Expedia Group in a report on Friday, August 9th. Finally, StockNews.com lowered shares of Expedia Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 9th. Twenty equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $161.62.

About Expedia Group

Expedia Group, Inc operates as an online travel company in the United States and internationally. The company operates through B2C, B2B, and trivago segments. Its B2C segment includes Brand Expedia, a full-service online travel brand offers various travel products and services; Hotels.com for lodging accommodations; Vrbo, an online marketplace for the alternative accommodations; Orbitz, Travelocity, Wotif Group, ebookers, CheapTickets, Hotwire.com and CarRentals.com.